Searching Content indexed under Finance/Accounting by Ostrow Reisin Berk & Abrams ordered by Published Date Descending.
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Getting Hitched: Should Our Law Firms Merge?
Last year marked the fourth consecutive year with more than 80 law firm mergers and acquisitions, according to Altman Weil Merger Line ...
United States
14 Sep 2018
Show Them The Money: Compensating Your Managing Partners
All law firms have them—the partners who spend the bulk of their practice managing the firm. But, if the firm focuses on compensating only rainmakers and large revenue generating partners ...
United States
14 Sep 2018
Value-Based Pricing Comes To Law Firms
The concept of value-based pricing (VBP) is already common in the consulting world and has received a big boost in the health care industry thanks to various initiatives ...
United States
10 Aug 2018
Four Financial Threats To Your Firm's Long-Term Success
With the economy on the upswing, many firms are feeling flush, but current success may mask hidden financial danger.
United States
4 Dec 2017
It's Time To Pay: Revenue Versus Profit-Based Compensation
Every law firm uses a formula to compute a partner's compensation. The two formulas used by most law firms is either based on a partner's billable revenues or the profits ...
United States
4 Dec 2017
What Is Your Firm Worth?
Law firms generally do not pay as much attention to their value as technology companies or public corporations, but a variety of circumstances can trigger the need for a firm valuation
United States
31 Aug 2017
Ensuring Your Firm Has Adequate Capital
Many law firms struggle with determining and maintaining an adequate level of capital, or available financial resources, to support their daily operations.
United States
21 Dec 2016
How To Improve A Law Firm's Profitability In Today's Competitive Environment
Today more lawyers than ever before are in private practice. Almost 90% of today's firms employ 10 or less attorneys.
United States
7 Sep 2016
Cash Flow Statements: Your Firm's Early Warning System
Your firm's income statement and balance sheet contain most of the numbers you will find in a cash flow statement.
United States
30 Dec 2015
Iceberg Ahead! Don't Let Undercapitalization Sink Your Firm
Ferrara Smith & Humboldt (FSH) was in trouble. The fictional law firm had only one month's cash reserves and a maxed-out bank line of credit.
United States
29 Oct 2015
Five Ways To Improve Client Relationships
For most lawyers, building and strengthening relationships with clients is an ongoing activity. Even the most personable and conscientious attorney experiences the occasional misunderstanding with a client — or even loses one for good.
United States
22 Jan 2015
Beyond Revenues: A Better Way To Compensate Partners
As law firms increasingly move away from the traditional lockstep (seniority-based) approach to compensation, various alternative compensation methods are emerging.
United States
6 Jan 2015
Five Tips For Reducing Fraud At Your Firm
Because they foster a collegial, trusting environment, law firms can be more vulnerable to fraud than many other types of businesses.
United States
2 Dec 2014
How Lawyers Should Deduct Unreimbursed Business Expenses
The rules for deducting unreimbursed business expenses are complicated enough that your firm’s lawyers may be tempted to forgo the process altogether.
United States
4 Nov 2014
Five Ideas For Cutting Overhead Costs At Your Law Firm
Even if your law firm runs "lean," you may be missing these opportunities to cut overhead and improve profitability.
United States
16 Oct 2014
Law Firm Group Newsletter – Summer 2014
Many situations can trigger the need for a law firm’s appraisal, including insurance coverage, a partner’s death or divorce, capital buy-ins of new partners, firm dissolution and mergers.
United States
17 Sep 2014
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